U.S. market indexes were mixed on Friday and the Nasdaq Composite reached a new high. For the day, the Dow Jones Industrial Average closed at 19885.73 for a loss of -5.27 points or -0.03%. The S&P 500 closed at 2274.64 for a gain of 4.20 points or 0.18%. The Nasdaq Composite closed at 5574.12 for a gain of 26.63 points or 0.48%. The VIX Volatility Index was lower for the day at 11.23 for a loss of -0.31 points or -2.69%.
Friday’s market movers
Bank earnings began on Friday with JPMorgan beating estimates for revenue and earnings.
Economic reports affecting market trading included the following:
- The Producer Price Index increased 0.4% in December and was 1.2% higher than one year ago.
- Retail sales increased 0.6% in December.
- Business inventories increased 0.7% in November.
- The University of Michigan’s Consumer Sentiment Index decreased to 98.1 in January from 98.2.
- The North American Baker Hughes Rig Count report increased to 974 for the week with 870 oil rigs reported in the previous week.
In the Dow Jones Industrial Average, the following stocks led losses and gains:
Losses
Wal-Mart (WMT, Financial) -1.24%
Gains
JPMorgan (JPM, Financial) 0.53%
In the broad market, financial stocks led gains and energy stocks led losses. The technology sector gained with the S&P 500 technology sector up 0.30%.
Small-cap stocks
In small-caps, the Russell 2000 closed at 1372.05 for a gain of 10.98 points or 0.81%. The S&P 600 Small-Cap Index closed at 839.86 for a gain of 6.57 points or 0.79%. The Dow Jones Small-Cap Growth TSM Index closed at 8114.50 for a gain of 63.10 points or 0.78%. The Dow Jones Small-Cap Value TSM Index closed at 9728.85 for a gain of 47.33 points or 0.49%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1687.40 for a gain of 9.11 points or 0.54%; the S&P 100 Index at 1006.59 for a gain of 1.61 points or 0.16%; the Russell 3000 Index at 1353.90 for a gain of 3.59 points or 0.27%; the Russell 1000 Index at 1262.95 for a gain of 2.77 points or 0.22%; and the Dow Jones U.S. Select Dividend Index at 636.18 for a gain of 0.96 points or 0.15%.
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